It does qualify for me as ASCII art, since I often see the term used loosely to encompass any art made from typographic characters.

I am a huge fan of these two experimental pieces from 'ASCII' artist Raquel Meyers and chiptune/electronica musician Goto80:

https://www.youtube.com/watch?v=Y82QTBMBX4o

https://www.youtube.com/watch?v=054vq9Sd8Ow